Howland Capital Management LLC Purchases 316 Shares of Carrier Global Co. (NYSE:CARR)

Howland Capital Management LLC grew its position in shares of Carrier Global Co. (NYSE:CARR) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,852 shares of the company’s stock after purchasing an additional 316 shares during the quarter. Howland Capital Management LLC’s holdings in Carrier Global were worth $401,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in shares of Carrier Global during the third quarter worth approximately $28,000. McClarren Financial Advisors Inc. boosted its stake in shares of Carrier Global by 246.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after purchasing an additional 310 shares in the last quarter. Coastline Trust Co bought a new position in shares of Carrier Global during the 3rd quarter valued at $37,000. Capital Performance Advisors LLP purchased a new position in Carrier Global in the 3rd quarter worth $44,000. Finally, Ashton Thomas Securities LLC bought a new stake in Carrier Global in the third quarter worth $50,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Down 1.6 %

NYSE:CARR opened at $64.17 on Monday. Carrier Global Co. has a one year low of $53.13 and a one year high of $83.32. The company’s 50-day simple moving average is $69.19 and its 200 day simple moving average is $72.36. The firm has a market capitalization of $57.58 billion, a P/E ratio of 16.25, a PEG ratio of 2.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82.

Carrier Global announced that its Board of Directors has approved a stock buyback plan on Thursday, October 24th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were paid a $0.225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.40%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio is presently 22.78%.

Analysts Set New Price Targets

Several research firms have recently commented on CARR. Royal Bank of Canada decreased their price objective on Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Mizuho lifted their price target on Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird dropped their price objective on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Finally, Bank of America upped their price target on shares of Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.93.

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.